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Table Of Contents
Redfin Company Overview
Redfin Company Information
Industry Real Estate
2025 1st Ave 5th floor
Seattle, WA 98121
Seattle, WA 98121 United States 501-1000 employees
Key people Glenn Kelman (CEO)
Sasha Aickin (CTO)
Chris Nielsen (CFO)
Scott Nagel (PREO)
Number of employees 501-1000 employees
Redfin is a residential real estate company that provides an online real estate database and brokerage services. The firm was founded in 2004, and is based in Seattle, Washington. Redfin first launched its home buying and home selling services in 2006. Glenn Kelman is the CEO.
When working with homebuyers, Redfin refunds a portion of their commission, thus offering a rebate and saving commission fees. In Missouri, Oregon, and Tennessee, state law prevents them from offering a refund to homebuyers. A blend of technology and service also enables Redfin to charge a 1.5 percent listing fee for home sellers, which is less than the traditional 3 percent fee.
Redfin employs its agents directly and pays them a salary - departing from the commission-based compensation structure of traditional realtors - and ties bonuses to customer satisfaction. The company's agents are reviewed after every transaction, successful or failed, with all reviews posted on the site under the agent’s online profiles. 1
Redfin News & Press Releases
- Seattle and Honolulu Move up the Ranks of the Best Cities for Public Transit in 2018New York, San Francisco and Boston top the list of the 10 best cities for public transit according to the updated Transit Score® rankings by Redfin. Transit Score, a tool by Redfin company Walk Score®, rates locations based on how convenient they are to public transportation. Each of the [read more]
- Palm Springs Mid-Century Modern Home Once Owned by Debbie Reynolds Can be Yours for $665KA renovated Mid-century home situated in the historic Racquet Club Estates neighborhood of Palm Springs hit the market today for $665,000. Built in 1959 by the Alexander Construction Company, the home is one of 2,200 houses that helped propel Palm Springs into an enclave of mid-century modern architecture. In [read more]
- Strong January Home Price Growth and Declining Inventory Signal Another Competitive Spring for HomebuyersHome prices increased 7.8 percent year over year to a national median sale price of $280,500 in January. Sales were down 7.9 percent annually as the ongoing inventory shortage showed no signs of ending. The number of homes for sale in January dropped by 14.4 percent, the largest year-over-year decline [read more]
- Redfin Survey: Just 6% of Homebuyers Would Cancel Plans to Buy if Mortgage Rates Surpassed 5%A late-2017 Redfin-commissioned survey of more than 4,000 people who bought or sold a home last year, attempted to do so, or planned to do so soon revealed the following key findings related to the housing market and the economy: Only 6% of homebuyers said they would cancel their plans [read more]
- Affordable Inland Metros Drew People from San Francisco, New York and Los AngelesThe fourth quarter of 2017 saw people in expensive, high-tax coastal markets like San Francisco, New York, Los Angeles, search for homes in metros like Sacramento, Phoenix, Las Vegas, and Nashville where taxes are lower and housing is more affordable. This is a continuation of a trend we saw throughout [read more]